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New oil discovery offshore Vietnam
Last updated: 16:17 - July 2, 2007




Nhan Dan - Lam Son Joint Operating Company (Lam Son JOC) has announced the second success in its 2007 Drilling Campaign, discovering commercial oil at Dong Do Prospect, Block 02/97, Cuu Long Sedimentary Basin in the south-east offshore Vietnam.

Drilling of the Dong Do-1X well was started on May 15, 2007. Oil has been discovered at the middle Miocene sandstone reservoir with a flow rate of 2,500 barrels of oil a day.

The discovery of oil in the middle Miocene sandstone reservoir has opened up new possibilities for oil exploration in the Cuu Long basin. The depth of the reservoir, around 1,500 metres, is also said to be the shallowest in the region to date.

Lam Son JOC is a joint-venture between PetroVietnam Exploration and Production Corporation (PVEP) and Petronas Carigali Overseas Sdn. Bhd (PCOSB), Malaysia.

The Lam Son JOC is joint venture between the Vietnam Oil and Gas Group, PetroVietnam, and Malaysia’s Petronas Carigali Overseas Sdn.Bhd.

http://www.nhandan.com.vn/english/business/020707/business_n.htm